AVAX S.A.

Announcement on important trade information (Law 3556/2007).

Pursuant to Law 3556/2007, J&P-AVAX SA announces the following transactions dated 15.09.2008 on its shares by private investors related to insiders (as per Article 13 of Law 3340/2005):
-purchase of 555 shares for a total consideration of 2,073.50 euro by Mrs Xaviera Kouvaras, a close relative of its Deputy Chairman Mr Constantine Kouvaras
-purchase of 500 shares for a total consideration of 1,870.00 euro by Mrs Chrysavgi Kouvaras, a close relative of its Deputy Chairman Mr Constantine Kouvaras